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Asia Pacific Elevator & Escalator Markets to 2022 - Fujitec, Hitachi, Hyundai Elevator, KONE, Mitsubishi Electric, and Schindler are Leading - ResearchAndMarkets.com

December 18, 2018

DUBLIN--(BUSINESS WIRE)--Dec 18, 2018--The “Elevator and Escalator Market in APAC 2018-2022” report has been added to ResearchAndMarkets.com’s offering.

The latest trend gaining momentum in the market is the vendors providing machine- room- less elevators have been gaining traction in APAC.

The rapid urbanization and rising population are some of the factors responsible for the growth of megacities in this region. The region has efficient public infrastructure for mass transportation is required for this high population in these megacities.

The countries in Asia are planning to build metro rails in urban areas to reduce traffic congestion and improve transportation facilities. The metro project in the region and real estate investments around these projects will propel the demand for elevators and escalators.

Therefore, the growing high-speed metro projects are one of the major factors driving elevators and escalators market growth in APAC at a CAGR of over 8% during the forecast period.

Further, the report states that one of the major factors hindering the growth of this market is the increasing raw material prices and the additional of advanced technologies in the equipment augment the price of elevators and escalators.

The elevator and escalator market in APAC is fairly concentrated with the presence of several companies competing for the market share. Vendors in the market are integrating cognitive analytics with elevators and escalators which would help them to monitor these machines in different locations.

Market Trends

Emerging Energy-Efficient Elevators Introduction of Smart Elevators Advances in Elevator & Escalator Technology

Key Players

Fujitec Hitachi Hyundai Elevator KONE Mitsubishi Electric Schindler

Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Market Segmentation by Product

8. Customer Landscape

9. Market Segmentation by End-User

10. Regional Landscape

11. Decision Framework

12. Drivers and Challenges

13. Market Trends

14. Vendor Landscape

15. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/thflwl/asia_pacific?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181218005699/en/

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Related Topics:Elevators and Escalators

KEYWORD: ASIA PACIFIC

INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/18/2018 12:55 PM/DISC: 12/18/2018 12:55 PM

http://www.businesswire.com/news/home/20181218005699/en

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